Jones Financial Companies Lllp Purchases 23,166 Shares of BP p.l.c. $BP

Jones Financial Companies Lllp boosted its position in BP p.l.c. (NYSE:BP) by 22.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,792 shares of the oil and gas exploration company’s stock after purchasing an additional 23,166 shares during the quarter. Jones Financial Companies Lllp’s holdings in BP were worth $4,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. United Community Bank increased its holdings in shares of BP by 173.8% in the third quarter. United Community Bank now owns 29,086 shares of the oil and gas exploration company’s stock worth $1,002,000 after purchasing an additional 18,463 shares during the period. Oakworth Capital Inc. grew its position in BP by 18.5% during the third quarter. Oakworth Capital Inc. now owns 4,765 shares of the oil and gas exploration company’s stock worth $164,000 after buying an additional 745 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in BP by 4.7% in the 3rd quarter. Transcend Capital Advisors LLC now owns 37,373 shares of the oil and gas exploration company’s stock worth $1,288,000 after acquiring an additional 1,679 shares during the last quarter. Archer Investment Corp raised its holdings in shares of BP by 13.5% in the 3rd quarter. Archer Investment Corp now owns 17,698 shares of the oil and gas exploration company’s stock valued at $610,000 after acquiring an additional 2,103 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of BP during the third quarter worth about $53,000. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BP. Citigroup reaffirmed a “buy” rating on shares of BP in a research note on Monday, November 3rd. Scotiabank set a $41.00 price objective on shares of BP in a research report on Friday, January 16th. Raymond James Financial reduced their target price on BP from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Santander raised BP to an “outperform” rating in a research note on Monday, November 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of BP in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, BP has an average rating of “Hold” and an average price target of $40.41.

BP Stock Up 2.3%

BP opened at $39.04 on Friday. The company has a market cap of $101.77 billion, a P/E ratio of 67.31, a P/E/G ratio of 2.12 and a beta of 0.33. BP p.l.c. has a 12 month low of $25.22 and a 12 month high of $39.51. The business’s 50-day moving average price is $35.71 and its 200-day moving average price is $34.93. The company has a current ratio of 1.19, a quick ratio of 0.89 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas exploration company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.13. The business had revenue of $48.42 billion for the quarter, compared to analysts’ expectations of $43.76 billion. BP had a return on equity of 9.07% and a net margin of 0.79%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, equities analysts expect that BP p.l.c. will post 3.53 EPS for the current year.

BP Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.